Nelson's Inc. is considering a $120,000 stock repurchase. Currently there are 10,000 shares outstanding at a market price of $30. The P/E ratio is 15. What is the EPS after the stock
Repurchase?
A) $1.20
B) $2.00
C) $2.67
D) $3.33
E) $3.67
Correct Answer:
Verified
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